Standchart eSaver

[tiertime]

Received invitation today...2.85 + 0.05, 2.9% for 3 months. Will transfer all from ocbc premier dividend plus to esaver tomorrow

From where can see this invitation, email or App , or both ?

 

[HOT123]

From where can see this invitation, email or App , or both ?

Sent thru apps. 1st time get invitation

 

[Cookie Muncher]

nothing for me

 

[myPosting]

For those who received the invitation, for the 100k deposit, can we withdraw from one account and re-deposit to another account to enjoy the promotion?

 

[Imhthc]

For those who received the invitation, for the 100k deposit, can we withdraw from one account and re-deposit to another account to enjoy the promotion?

Nobody knows and needs to wait for those who have done so and receive the first bonus interest with (1/3). However, by then it is too late for participating in this invitation.

 

[bumdssa]

How to get invitation?

 

[iduncheckmail]

For those who received the invitation, for the 100k deposit, can we withdraw from one account and re-deposit to another account to enjoy the promotion?

no, inivitation applies only to 1 acct under your name. (1 person >= 2 esaver acct)
unless you r saying 2 pple with 2 invitation. Then why even ask in the first place.

 

[tiertime]

Sent thru apps. 1st time get invitation

I only use it for round abouts and do not store money in it, I received invite for 2.5% only

Do u make regular deposit in Esaver monthly ?

 

[vsvs24]

Sent thru apps. 1st time get invitation

Can share how much you withdraw recently to get the highest tier ?

 

[sglandscape]

no, inivitation applies only to 1 acct under your name. (1 person >= 2 esaver acct)
unless you r saying 2 pple with 2 invitation. Then why even ask in the first place.

This is not true. Invite usually refers to accounts where you are the primary account holder, and usually you need to activate the promotion by topping up 100k by month end.

Unless it's promotion to extend a past promotion you participated in. Many people of the past could have multiple esaver accounts with joint names, that they are the primary account holder. SC do not allow such new accounts to be created anymore.

 

[Imhthc]

This is not true. Invite usually refers to accounts where you are the primary account holder, and usually you need to activate the promotion by topping up 100k by month end.

Unless it's promotion to extend a past promotion you participated in. Many people of the past could have multiple esaver accounts with joint names, that they are the primary account holder. SC do not allow such new accounts to be created anymore.

Totally agreed. I have 2 esaver accounts opened donkey years back and the invitation email din state particular of these 2 accounts unlike last time when they specifically mentioned the last 4 digits of the account number in the email. Hence, both are qualified.

 

[tweeety]

is this the best rate for May?

 

[vsvs24]

Totally agreed. I have 2 esaver accounts opened donkey years back and the invitation email din state particular of these 2 accounts unlike last time when they specifically mentioned the last 4 digits of the account number in the email. Hence, both are qualified.

Cannot assume you are the primary holder for the joint account. Depends on who is indicated as the primary when the joint account was opened. Usually is the first name indicated. Best to call and confirm.

Ever hear people open joint account tell the bank officer does not matter who is primary and leave it to the bank officer.

For esaver joint account I am the primary (called to confirm many years ago). But for my HSBC joint account, I am not the primary because can only get the welcome gift if the primary is the other joint account holder.

 

[sglandscape]

Cannot assume you are the primary holder for the joint account. Depends on who is indicated as the primary when the joint account was opened. Usually is the first name indicated. Best to call and confirm.

Ever hear people open joint account tell the bank officer does not matter who is primary and leave it to the bank officer.

For esaver joint account I am the primary (called to confirm many years ago). But for my HSBC joint account, I am not the primary because can only get the welcome gift if the primary is the other joint account holder.

There is no need to call, check your app or your statement, the first name is the primary name. This applies for SC for all account type, deposit, investment, cards.

This thread is not referring to HSBC, so best not to discuss it here to create confusion between how different banks handle joint accounts.

 

[HOT123]

Can share how much you withdraw recently to get the highest tier ?

I withdrew and bought scb cio funds in Mar

 

[vsvs24]

I withdrew and bought scb cio funds in Mar

No wonder.

Thanks for sharing.

 

[hip_programs]

With a statement like that, it means if I move 20K to eSaver these two months, I will get 2.5% until their next rate change, right?
The other interpretation is until 31 May.

e$aver Savings Account Bonus Interest Promotion (1 April 2025 to 31 May 2025)​

From 1 April 2025 to 31 May 2025, earn up to 2.50% p.a. interest on eligible deposit balance of S$2 million with no lock-in period when you bring in incremental fresh funds* (compared to March 2025 average daily balance)

 

[sibeiTrolled]

The other interpretation is until 31 May.

Headline details do matter (in the TNC) so there is only 1 interpretation

Base 0.05% PA + bonus 2.45% PA from 1st April 2025 till 31st May 2025 on the incremental balance over comparison month ADB

Read through the TnC - https://av.sc.com/sg/content/docs/sg-esaver-account-tnc.pdf
Bonus given out the by the 20th calendar date of the following month
Once june comes, there maybe new promo or no more other promo depending on SCB

it means if I move 20K to eSaver these two months, I will get 2.5% until their next rate change, right?

6. If the ADB in the Qualifying Account(s) for any calendar month during the Promotion Period: a. is higher than the ADB for March 2025 ("Comparison Month"), you will earn Bonus Interest on the difference between the ADBs for those 2 months ("Incremental Balance"); and b. is either equal to or lower than the ADB for the Comparison Month, you will not earn any Bonus Interest.

 

[hip_programs]

thank you.
0 chars.

 

[HOT123]

No wonder.

Thanks for sharing.

Actually I don't think we ever know the real triggered. I am the secondary account holder that I have fund inside, the other one which I am the primary account holder, I have minimal amount in there. I did a transfer between my own account as well as transferred fresh fund in this morning. I own 2 accounts for a long long time and have never received any invitation all this while